Where in her tax return should martha claim this deduction

Assignment Help Accounting Basics
Reference no: EM132385811

Question

Martha is a self-employed tax accountant who drives her car to visit clients on a regular basis. She drives her car 4,000 miles for business and 10,000 for commuting and other personal use.

The deductible business auto expense is $

Where in her tax return should Martha claim this deduction? The expense should be deducted on Martha's

Reference no: EM132385811

Questions Cloud

What is the book value of the cash registers on may 31 : Gourmet Shop purchased cash registers on April 1 for $19,800. If this asset has an estimated useful life of five years, what is the book value of the cash.
What should you have in your retirement account : would your $500,000 provide you with what you need? What should you have in your retirement account?
Compute the cost of the ending work-in-process : The assembly department has no beginning Work-in-Process Inventory. During the month, it started 40,000 cell phones, but only 36,000 were fully completed.
Calculate toms net gain or loss, and indicate the nature : Home Depot stock, purchased 2 years ago for $1,000, was sold by Tom for $2,500. Calculate Tom's net gain or loss, and indicate the nature of the gain or loss
Where in her tax return should martha claim this deduction : The deductible business auto expense is $ Where in her tax return should Martha claim this deduction? The expense should be deducted on Marthas
What is the shareholders basis in the property received : What is the amount of the shareholder's dividend income on the distribution? What is the shareholder's basis in the property received
COMP 350 Numerical Computing Assignment Problem : COMP 350 Numerical Computing Assignment - Floating Point Arithmetic and IEEE Standard, Assessment Help, McGill University, Canada - GENP and LU Decomposition
Is barry required by law to report the income from his lab : Barry has a successful methamphetamine laboratory. Producing methamphetamine is illegal under federal law. Is Barry required by law to report the income.
Calculate sherrys net income from the vacation home : Calculate Sherrys net income (or loss) from the vacation home for this tax year. Base allocation on number months, rather than days

Reviews

Write a Review

Accounting Basics Questions & Answers

  What might companies do to accommodate the unique needs

Depending on which of the generations discussed in this article to which you belong and whether your job involves travel

  Hans a citizen and resident of argentina is a retired bank

hans a citizen and resident of argentina is a retired bank executive. hans does not hold a green card. at the start of

  What actions can calvert take to reduce costs

How much of the total costs in 2017 are value-added, non-value-added, or in the gray area between? Explain your answers briefly.

  Receivable using probability proportional to size sampling

You are the auditor for a company and need to review the company's accounts receivable using probability proportional to size (PPS) sampling. In addition, the board of directors has requested that you and your team present an explanation of your P..

  Tl division of giant bank has assets of 144 billion during

tl division of giant bank has assets of 14.4 billion. during the past year the division had profits of 1.8 billion.

  What might dr jonas do to address these issues

Dr. Jonas runs a private practice. He admits patients and makes rounds in two local hospitals. What might Dr. Jonas do to address these issues

  Prepare the appropriate general journal entries

Prepare the appropriate general journal entries for the month of April. Raw materials costing $60,000 were issued from the storeroom

  During the current year the harlow corporation which

during the current year the harlow corporation which specializes in commercial construction has the following property

  Differences from fair value

What impact would the differences in the methods allowed to determine fair value have on the financial reports? Differences from Fair value measurement AASB13

  Tell the difference between rights and wrong

Having ethics is to have the ability to tell the difference between rights and wrong which isn't always an easy thing. Plagiarism and ethics go hand and hand; knowing to give credit when credit is deserved is very important. By giving credit to a ..

  What is total cost of lane job using activity-based costing

Direct labor cost is $1200; 600 CPU minutes were used; and 1 legal hour was used. What is the total cost of the Lane job using activity-based costing

  Discuss what will you owe for each share in the contract

The option will expire in exactly six months. If the share is trading at $45 in three month, what will you owe for each share in the contract

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd